Buy the German #DAX #LONG #ABS #QE #ECB

FX:GER30   DAX Index
We saw really bad data from eu and germany (ZEW Economic Sentiment ) today. I took a small profit & will postpone my long position. I aspect a downturn to 86-85 region.

The german DAX             is in a decending trend channel.
Actually we saw some soft and bad data (Sanctions against Russia, PMI and Ifo) coming from the EU and Germany witch lead the DAX             to 87XX area.
I think the abs purchase program will boost the DAX             to the 10000 and maybe more.
The ECB will start their program in the middle of October 2014.
So now it's a good opportunity for buying the german DAX             .
A good entry point is @ 87xx- 88xx, bottom of the trend channel.
SL: 8600
T1: 9000
T2: 9400

my stop loss kicked in, was really hoping it would shoot up this morning but dint go as far i wanted it to. too bad, lesson learnt
hope it gets to T2. fingers crossed
+1 Reply
piptank Prits187
move to 9400 would be awesome
iv been in buy position from 9114, really hope it gets there, as iv been opening more and more every time it dropped. now im holding onto so many positions

i hope for up trend, and green pips for you too
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